4 comments:

interesting looking at this post from an Estate agent in Thameside who says his research if local estate agents shows only 17% of houses are selling this year. Down from 28% last year.

He think homeowners are not selling and homebuyers are not buying. Basically there is a standoff. He says the Market is still trending down and with cuts to public services coming homebuyers will not be buying for a couple of years so homesellers should reduce prices if they want to sell. Estate agents need commission to survive yet also have to get the best price for houses.

I predict that there is a pent up crash in house prices coming this year. And just to add credibility to my prediction I looked after credit derivatives at the one huge bank that avoided losses, for the past 3 years. So I know a few things about predicting and avoiding crashes.